Petrohawk Begins Exchange Offer for $775 Million Senior Notes

Petrohawk Energy Corporation (NASDAQ:HAWK) has commenced its exchange offer of $775 million aggregate principal amount of its 9 1/8 % Senior Notes due 2013 registered under the Securities Act of 1933 for all of its outstanding $775 million aggregate principal amount of its 9 1/8 % Senior Notes due 2013 issued on June 23, 2006 and July 24, 2006 pursuant to Rule 144A and Regulation S under the Securities Act of 1933.

The exchange offer will expire at 5:00 p.m. EDT on November 1, 2006, unless extended.

This announcement is not an offer to purchase or a solicitation of an offer to purchase any securities. The offer is made solely by the Company's prospectus dated September 29, 2006. Copies of the prospectus and letter of transmittal may be obtained from U.S. Bank National Association, the exchange agent for the exchange offer, by writing to 60 Livingston Avenue, St. Paul, MN 55107, Attn: Specialized Finance, or by contacting U.S. Bank Bondholder Services at 1.800.934.6802.

Additionally, the prospectus may be viewed at www.sec.gov under the Company's name where the Securities and Exchange Commission maintains a web site that contains reports, proxy and information statements and other information that are filed electronically with the Commission.

Petrohawk Energy Corporation is an independent energy company engaged in the acquisition, production, exploration and development of oil and gas, with properties concentrated in the Mid-Continent, Gulf Coast and Permian regions.